monopoly The Monopoly a) Using Australian examples describe the characteristics of the two of the following forms: Monopoly Oligopoly The important characteristics of an oligopoly argon: ? The market is reind by only a fewer companies, which are relatively large. ? The production of identical products which are similar. ? thither are significant barriers to entry. ? The interdependence of production decisions at back the market. An Oligopoly market exists in which a tiny number of firms rein the supply to an entire market.
Each firm producers a snappish similar product. In Australia the oligopoly is the major market form. It is because Australia is so itsy-bitsy market located far from overseas markets and this thus requires producers to be larger, so they are more competitive. There are hundreds of examples of oligopolistic industries, e.g. cars (Holden), eat cereals (Kellogs) This market form does not only depend on the la...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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